Thu.Jan 04, 2024

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Taking a CFO approach to digital transformation

CFO Dive

In a post-AI world, companies must retool their digital transformation approaches from large-scale to piece by piece, and CFOs play a critical role.

CFO 308
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India's services sector growth surges to three-month high, cost inflation hits 40-month low

CFO News

India's service sector ended 2023 on a resounding high, with the HSBC India Services PMI survey revealing a remarkable rebound in growth, marked by a surge in output and robust new business, buoyed by positive economic conditions and global demand.

Economics 105
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Trending Sources

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Bankruptcies surge 18% in 2023 as more distress looms

CFO Dive

The rise in business failures was one of the darker pieces of last year’s economic puzzle.

Economics 330
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Crystal-gazing Indian Economy in 2024

CFO News

From the sun temple that India built hundreds of years ago, exactly at the point where the first ray of the sun falls to a delivery personnel of Zomato who rode a horse for delivery. My views on India's rise in 2024.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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Pot supplier Trulieve taps another CFO after D’Amico scandal

CFO Dive

The appointment follows a string of finance leadership changes last year, starting with the abrupt resignation of former CFO Alex D'Amico.

CFO 249

More Trending

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Chevron blames regulations, cleanups for $4B write-off

CFO Dive

The energy giant said California’s regulatory landscape and cleanup of decommissioned Gulf of Mexico sites are estimated to cost the company at least $3.5 billion.

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The Average CFO Salary (2024) + 27 Key CFO Interview Questions

Driven Insights

What's the average Chief Financial Officer (CFO) salary in the United States in 2024? Well, that depends on the size of your business and whether your business is located in Keya Paha, Nebraska (lowest salary) or San Francisco, California (highest salary) and what CFO professional services you require.

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Gautam Adani surpasses Mukesh Ambani to become the richest Indian on Bloomberg Billionaires index

CFO News

Gautam Adani, the founder and chairman of the Adani Group has overtaken Mukesh Ambani, chairman and managing director of Reliance Industries in Bloomberg Billionaires Index to become the richest Indian. Adani now holds the 12th spot, surpassing Ambani, who is positioned at 13th place.

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How CFOs can stay attuned to evolving market trends

Future CFO

Chief financial officers in 2024 will find themselves caught in the middle of geopolitical shifts and evolving economic landscapes, calling in the need to anchor themselves in core financial processes and fundamentals. When 2023 drew to a close, it is an imperative for all finance leaders to reflect on the various trends in the market such as the digitisation of processes and operations.

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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Noel Tata-led Trent charts expansion plan riding private label-only model

CFO News

The company's revenues climbed substantially over the past five years, to ₹8,242 crore in FY23 from ₹2,157 crore in FY18. Concurrently, the net profit surged nearly five-fold to ₹394 crore. The stock has sparkled, too. Last year, Trent more than doubled in value, outpacing the 20% returns for the Nifty50. Over a two-year span, the stock nearly tripled, while the Nifty climbed 27% in the period.

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Free cash flow: a key metric for financial health

Cube Software

What is a company's free cash flow? At its core, FCF represents the cash a company is able to generate after accounting for the money spent on maintaining and expanding its asset base. This metric is the difference between the cash generated by a business through its operations and the capital expenditures necessary to sustain or expand the business.

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Credit growth signals robust Q3 for India Inc

CFO News

Non-banking finance companies (NBFC) are the growth leaders for the financial services sector, with the likes of Bajaj Finance and L&T Finance Holdings reporting a surge in retail loans. State-run lenders, too, have reported growth in their loan books.

Finance 52
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Stuck in a Staffing Crisis? 3 Reasons Your Recruiting Might Not Be Working

The Charity CFO

Imagine this: your nonprofit is busier than ever with fundraising events and field work to help make your community a better place. So busy, in fact, it’s time to hire a few new employees. But despite your job postings, you’re not recruiting as many candidates as you hoped. If this sounds like your organization, it might be time to analyze why your recruiting efforts aren’t paying off.

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Planning Your Restaurant's Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

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M&A activities plunge 51% to $83 billion in 2023: Report

CFO News

The bleak global deal environment translated into fewer mega deals in 2023. As a result, there was only one deal above $3 billion — the HDFC Bank-HDFC $60.4 billion deal — compared to five deals in 2022. Accordingly, worldwide M&As fell 17 per cent to a 10-year low of USD 2.9 trillion.

Banking 52
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The Mentoring Round | Brandon Nussey, CFO, Coveo

CFO Thought Leader

Inside The Mentoring Round, CFO Brandon Nussey reflects on his ascent to the CFO office at a young age (28 years old), while acknowledging he had to learn how to deliver information confidently and clearly, especially in public market contexts. He emphasizes the importance of being prepared but not scripted, allowing him to be more engaging and responsive during calls.

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Income tax demand of ?4,000 crore looms over Shree Cement

CFO News

The Income tax department conducted a survey on the company in June 2023 in connection with the deductions claimed under section 80IA of the Income Tax Act for the April 2014 to March 2023 period

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How and why to improve cash flow visibility

Centage

Growing businesses face an increasing need for accurate financial forecasting and planning. In the pursuit of business growth, they must move beyond makeshift arrangements and adopt refined methodologies for their cash flow forecasts and projections. It’s crucial to understand the significance of enhancing cash flow visibility, and how to achieve this through consistent and accurate methodologies for cash flow projections and forecasting across operations.

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How Automation is Driving Efficiency Through the Last Mile of Reporting

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

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Study predicts hiring activity to increase 8.3% in 2024

CFO News

Hiring activity is expected to pick up in 2024 after a dip last year, driven by demand for artificial intelligence, machine learning, data science, and cybersecurity professionals, shows a survey by online jobs platform Foundit, formerly Monster. Hiring is projected to increase 8.3% this year, compared with a 5% fall in 2023, according to the annual trends survey by Foundit.

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Hong Kong exports to grow 4-6% in 2024

Future CFO

Hong Kong exports are expected to grow by 4% to 6% next year—a sharp contrast to the 11% decline in the city’s export levels recorded for the period of Jan-Oct 2023, said Hong Kong Trade Development Council (HKTDC) recently. This optimistic outlook of Hong Kong exports is driven by the significant increase in demand for electronic components, partly on account of growing demand for AI-enabled devices and other finished products, which play a crucial role in boosting the city's prospects, HKTDC n

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SC ruling to decide fate of TRCs, tax notices to investors

CFO News

The apex court this week has given an interim stay on a significant Delhi High Court ruling in early 2023 that a tax residency certificate (TRC) is sufficient for a foreign investor's claim to pay zero or lower tax under treaties between India and overseas jurisdiction like Mauritius, Singapore and The Netherlands.

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Audit regulator NFRA slaps Rs 50 lakh penalty on chartered accountant for lapses

CFO News

Highest penalty of Rs 50 lakh in recent years was slapped by NFRA on a chartered accountant for professional misconduct that enabled business services provider Quess Corp to claim undue income tax deduction of almost Rs 971 crore over three years. Subsequently, NFRA looked into the professional conduct of the chartered accountants and their firms involved in the certifications that formed the basis of the income tax deduction claims.

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Accounting Software and ERP Readiness Guide

In this white paper, we explore the factors to consider in deciding whether the time is right for your Company to consider a new ERP or accounting software, the total cost of ownership and plans necessary to make the potential leap to these systems.

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Centre not planning any new PLI schemes: DPIIT secretary

CFO News

Responding to a query on the decision to put the toy PLI proposal on hold, DPIIT secretary Rajesh Kumar Singh said, “Currently we are focused on getting these 14 PLI schemes up and running in a good way. For the time being, the new PLI schemes are not being considered and we will focus on ensuring that these existing schemes get implemented well. Thereafter we’ll see.

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No vacancy for women: India Inc tightens scrutiny of women jobseekers

CFO News

In India, employers are increasingly scrutinizing female job seekers due to perceived biases against women in a tightening job market. While more often female candidates are indirectly probed, it is an important criterion in selection amid shrinking team sizes, more people chasing fewer jobs, and pressure on margins. This is a setback to the overall drive to increase women's participation in the workforce.

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Hindenburg report, OCCRP and Canadian terrorist Pannun: A plot against Indian economy

CFO News

The Supreme Court judgment makes it clear that a foreign report by OCCRP, an organisation funded by billionaire George Soros and others, cannot be the basis for doubting the capital markets regulator SEBI's investigation into the Hindenburg case. Hearsay and allegations based on other newspaper reports cannot be the basis of an investigation. It further appears that foreign players unleashed a pincer movement between Hindenburg report and OCCRP.